Three Arrows Capital liquidators seek to revise their claim against FTX from $120 million to $1.53 billion, citing improper liquidation of 3AC assets.
FTX news
Prosecutors petitioned a New York federal court to seize crypto they alleged is linked to bribes paid to Chinese officials by Sam Bankman-Fried.
California revokes BlockFi’s license amid bankruptcy, Caroline Ellison is sentenced, Crypto.com faces scrutiny in Poland, and Senator Cynthia Lummis supports Trump’s Bitcoin reserve proposal.
FTX and Alameda’s “aggressive legal strategy” highlights the complexity of their financial issues after suing over 20 entities for funds, according to blockchain experts.
The estate argued that Sam Bankman-Fried’s $1.75 billion repurchase deal with Binance in July 2021 was a fraudulent transfer because of FTX’s insolvency.
The Blockchain Association and Coinbase spotlight SEC and FDIC actions, revealing significant financial burdens on crypto firms.
The Nigerian government has dropped charges against a Binance exec, Ripple has filed an appeal, FTX settled with Bybit, and Denmark moves to tax unrealized crypto gains.
The prices of Bitcoin and other digital assets were significantly lower during the 2022 collapse of FTX compared to current market prices.
The crypto market is up today, following a bullish performance from US equities markets and increasing traders’ demand for crypto investment products.
While the UAE central bank has given a significant regulatory nod to a new stablecoin, an FTX customer sued hedge fund Olympus Peak over its alleged profits from the exchange’s meltdown.